The Financial Conduct Authority (FCA) has been accused of "not understanding its own rules" by Berkeley Burke lawyers, after it withdrew a key argument having discovered it might not be applicable in this case.
Lawyers representing the self-invested personal pension (SIPP) administrator yesterday argued that, due to the FCA's Conduct of Business (COBs) rule 11.2, they are obligated to follow specific instructions...
Creates £11bn asset management business
And more competition
Launched November 2018
£15m group claim